UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
(Amendment No.  1)*

 

Rackable Systems, Inc.

(Name of Issuer)

 

common, 0.010000 par value per share

(Title of Class of Securities)

 

750077109

(CUSIP Number)

 

Wednesday, February 21, 2007

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

ý

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Raj Rajaratnam

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
1,405,585

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
1,405,585

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,405,585

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
IN


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Advisors, L.L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
189,338

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
189,338

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
189,338

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.7 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
OO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Management, L.L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
1,405,585

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
1,405,585

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,405,585

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
OO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Management, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
1,405,585

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
1,405,585

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,405,585

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Buccaneer's Offshore, LTD.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
85,481

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
85,481

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
85,481

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.3 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Captain's Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
63,688

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
63,688

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
63,688

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.2 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Captain's Offshore, LTD.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Bermuda

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
286,148

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
286,148

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
286,148

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
1 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon International Master Fund, SPC Ltd. EM Tec

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
15,250

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
15,250

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
15,250

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.1 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Explorers Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
64,600

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
64,600

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
64,600

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.2 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Technology Partners II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
61,050

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
61,050

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
61,050

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.2 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Technology Offshore, LTD

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Bermuda

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
353,650

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
353,650

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
353,650

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
1.3 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
SG AM AI EC IV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
10,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
10,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
10,000

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
% (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Technology Mac 88, LTD

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
85,300

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
85,300

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
85,300

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.3 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Vitruvius SICAV - Vitruvius Growth Opportunities

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Luxembourg

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
120,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
120,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
120,000

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.4 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  750077109

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Explorers Offshore, LTD

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
260,418

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
260,418

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
260,418

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
.9 % (Based upon 28,090,000 shares of common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


Item 1.

 

(a)

Name of Issuer
Rackable Systems, Inc.

 

(b)

Address of Issuers Principal Executive Offices
1933 Milmont Drive, Milpitas, CA, 950035

Item 2.

 

(a)

Name of Person Filing

Raj Rajaratnam

Galleon Advisors, L.L.C.

Galleon Management, L.L.C.

Galleon Management, L.P.

Galleon Buccaneer's Offshore, LTD.

Galleon Captain's Partners, L.P.

Galleon Captain's Offshore, LTD.

Galleon International Master Fund, SPC Ltd. EM Tec

Galleon Explorers Partners, L.P.

Galleon Technology Partners II, L.P.

Galleon Technology Offshore, LTD

SG AM AI EC IV

Technology Mac 88, LTD

Vitruvius SICAV - Vitruvius Growth Opportunities

Galleon Explorers Offshore, LTD

 

(b)

Address of Principal Business Office or, if none, Residence

For Galleon Management, L.P.:
590 Madison Avenue, 34th Floor
New York, NY 10022

For each Reporting Person other than Galleon Management, L.P.:
c/o Galleon Management, L.P.
590 Madison Avenue, 34th Floor
New York, NY 10022

 

(c)

Citizenship

 

For Raj Rajaratnam: United States

For Galleon Advisors, L.L.C.: Delaware

For Galleon Management, L.L.C.: Delaware

For Galleon Management, L.P.: Delaware

For Galleon Buccaneer's Offshore, LTD.: Cayman Islands

For Galleon Captain's Partners, L.P.: Delaware

For Galleon Captain's Offshore, LTD.: Bermuda

For Galleon International Master Fund, SPC Ltd. EM Tec: Cayman Islands

For Galleon Explorers Partners, L.P.: Delaware

For Galleon Technology Partners II, L.P.: Delaware

For Galleon Technology Offshore, LTD: Bermuda

For SG AM AI EC IV: Cayman Islands

For Technology Mac 88, LTD: Cayman Islands

For Vitruvius SICAV - Vitruvius Growth Opportunities: Luxembourg

For Galleon Explorers Offshore, LTD: Cayman Islands

 

(d)

Title of Class of Securities
common, $0.010000 par value per share

 

(e)

CUSIP Number
750077109

 

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2 (b) or (c), Check Whether the Person Filing is a:

 

Not applicable.


Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

For Raj Rajaratnam Galleon Management, L.L.C. and Galleon Management, L.P.

 

(a)

Amount beneficially owned:   

1,405,585.00

 

(b)

Percent of class:   

5 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

1,405,585.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

1,405,585.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

For Galleon Advisors, L.L.C.

 

(a)

Amount beneficially owned:   

189,338.00

 

(b)

Percent of class:   

.7 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

189,338.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

189,338.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Buccaneer's Offshore, LTD.

 

(a)

Amount beneficially owned:   

85,481.00

 

(b)

Percent of class:   

.3 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

85,481.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

85,481.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Captain's Partners, L.P.

 

(a)

Amount beneficially owned:   

63,688.00

 

(b)

Percent of class:   

.2 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

63,688.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

63,688.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Captain's Offshore, LTD.

 

(a)

Amount beneficially owned:   

286,148.00

 

(b)

Percent of class:   

1 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

286,148.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

286,148.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon International Master Fund, SPC Ltd. EM Tec

 

(a)

Amount beneficially owned:   

15,250.00

 

(b)

Percent of class:   

.1 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

15,250.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

15,250.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Explorers Partners, L.P.

 

(a)

Amount beneficially owned:   

64,600.00

 

(b)

Percent of class:   

.2 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

64,600.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

64,600.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Technology Partners II, L.P.

 

(a)

Amount beneficially owned:   

61,050.00

 

(b)

Percent of class:   

.2 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

61,050.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

61,050.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Technology Offshore, LTD

 

(a)

Amount beneficially owned:   

353,650.00

 

(b)

Percent of class:   

1.3 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

353,650.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

353,650.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

SG AM AI EC IV

 

(a)

Amount beneficially owned:   

10,000.00

 

(b)

Percent of class:   

% (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

10,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

10,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Technology Mac 88, LTD

 

(a)

Amount beneficially owned:   

85,300.00

 

(b)

Percent of class:   

.3 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

85,300.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

85,300.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Vitruvius SICAV - Vitruvius Growth Opportunities

 

(a)

Amount beneficially owned:   

120,000.00

 

(b)

Percent of class:   

.4 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

120,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

120,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Explorers Offshore, LTD

 

(a)

Amount beneficially owned:   

260,418.00

 

(b)

Percent of class:   

.9 % (Based upon 28,090,000 shares of common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

260,418.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

260,418.00

 

  Pursuant to the partnership agreement of Galleon Captains Partners, L.P., Galleon Healthcare Partners, L.P., Galleon Technology Partners II, L.P., Galleon Explorers Partners, L.P., and Galleon Communication Partners, L.P., Galleon Management, L.P. and Galleon Advisors, L.L.C. share all investment and voting power with respect to the securities held by Galleon Captains Partners, L.P., Galleon Healthcare Partners, L.P., Galleon Technology Partners, L.P., Galleon Explorers Partners, L.P., and Galleon Communication Partners, L.P., and pursuant to an investment management agreement, Galleon Management, L.P. has all investment and voting power with respect to the securities held by Galleon Captains Offshore, Ltd., Galleon Healthcare Offshore, Ltd., Galleon Technology Offshore, Ltd., Galleon Communications Offshore, Ltd., Galleon Explorers Offshore, Ltd., Galleon Admirals Offshore, Ltd., Galleon Buccaneers Offshore, Ltd., Vitruvius SICAV, Vitruvius Growth Opportunities, Technology MAC 88, Ltd., Polaris Prime Technology (Cayman), L.P., Galleon International Master Fund, SPC. Ltd.-EM Technology and SG AM AI EC IV. Raj Rajaratnam, as the managing member of Galleon Management, L.L.C., controls Galleon Management, L.L.C., which, as the general partner of Galleon Management, L.P., controls Galleon Management, L.P. Raj Rajaratnam, as the managing member of Galleon Advisors, L.L.C., also controls Galleon Advisors, L.L.C. The shares reported herein by Raj Rajaratnam, Galleon Management, L.P., Galleon Management, L.L.C., and Galleon Advisors, L.L.C. may be deemed beneficially owned as a result of the purchase of such shares by Galleon Captains Partners, L.P., Galleon Captains Offshore, Ltd., Galleon Technology Partners II, L.P., Galleon Technology Offshore, Ltd., Galleon Healthcare Partners, L.P., Galleon Healthcare Offshore, Ltd., Galleon Explorers Partners, L.P., Galleon Explorers Offshore, Ltd., Galleon Communication Partners, L.P., Galleon Communication Offshore, Ltd., Galleon Admirals Offshore, Ltd., Galleon Buccaneers Offshore, Ltd., Galleon International Master Fund, SPC. Ltd.-EM Technology., Vitruvius SICAV, Vitruvius Growth Opportunities, Technology MAC 88, Ltd., Polaris Prime Technology (Cayman), L.P. and SG AM AI EL IV as the case may be. Each of Raj Rajaratnam, Galleon Management, L.P., Galleon Management, L.L.C., and Galleon Advisors, L.L.C. disclaims any beneficial ownership of the shares reported herein, except to the extent of any pecuniary interest therein.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

 

Not Applicable 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

Not Applicable 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not Applicable 

 

Item 8.

Identification and Classification of Members of the Group

 

Not Applicable 

 

Item 9.

Notice of Dissolution of Group

 

Not Applicable 

 

Item 10.

Certification

 

Not Applicable 


 

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Friday, March 02, 2007

 

 

Date

 

 

 

 

 Raj Rajaratnam, for HIMSELF;

 

 For GALLEON ADVISORS, L.L.C., as its Managing Member

 

 For GALLEON MANAGEMENT, L.L.C., as its Managing Member;

 

 For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.;

 

 For GALLEON BUCCANEERS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory.

 

 For GALLEON CAPTAINS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON CAPTAINS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;

 

 For Galleon International Master Fund, SPC. Ltd.-EM Technology as the managing member of Galleon Management L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory

 

 For GALLEON EXPLORERS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON TECHNOLOGY PARTNERS II, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON TECHNOLOGY OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;

 

 For SG AM AI EC IV as the managing member of Galleon Management L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory

 

 For TECHNOLOGY MAC 88, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory.

 

 For Vitruvius SICAV-Vitruvius Growth Opportunities, as the Managing Member of Galleon Management, L.L.C., which is the General Partner of the sub-advisor, Galleon Managment, LP., which in turn, is an Authorized Signatory.

 

 For GALLEON EXPLORERS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;


 

Exhibit 1

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.in this statement is true, complete and correct.

 

 

 

 

 Raj Rajaratnam, for HIMSELF;

 

 For GALLEON ADVISORS, L.L.C., as its Managing Member

 

 For GALLEON MANAGEMENT, L.L.C., as its Managing Member;

 

 For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.;

 

 For GALLEON BUCCANEERS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory.

 

 For GALLEON CAPTAINS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON CAPTAINS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;

 

 For Galleon International Master Fund, SPC. Ltd.-EM Technology as the managing member of Galleon Management L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory

 

 For GALLEON EXPLORERS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON TECHNOLOGY PARTNERS II, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON TECHNOLOGY OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;

 

 For SG AM AI EC IV as the managing member of Galleon Management L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory

 

 For TECHNOLOGY MAC 88, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory.

 

 For Vitruvius SICAV-Vitruvius Growth Opportunities, as the Managing Member of Galleon Management, L.L.C., which is the General Partner of the sub-advisor, Galleon Managment, LP., which in turn, is an Authorized Signatory.

 

 For GALLEON EXPLORERS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;